U.S. stock futures slipped, putting indexes on course to fall for a fifth consecutive day as investors brace for higher-for-longer interest rates and await data on the jobs market and factory activity.
Futures tied to the S&P 500 fell 0.7% Thursday, while Nasdaq-100 futures dropped 1.1% and Dow Jones Industrial Average futures lost 0.5%. The major indexes suffered their fourth day of losses Wednesday, continuing a selloff that saw them end August with declines of between 4% and 5%.